homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

March 23, 2017

Sears has ‘substantial doubt' about future

  • Analysts say the chain that owns Sears and Kmart stores may have reached the point of no return.
    • By ANNE D'INNOCENZIO and HANNAH WEIKEL
    Associated Press

    NEW YORK — Sears, a back-to-school shopping destination for generations of kids and the place newlyweds went to choose appliances, has said that after years of losing money that there is “substantial doubt” it will be able to keep its doors open.

    It's a dramatic acknowledgment from the chain that owns Sears and Kmart stores, which has long held fast to its stance that a turnaround is possible, even as many of its shoppers have moved on to Wal-Mart, Target or Amazon.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.